Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

If you think dangote owes the refinery, then you seriously need to think again. Dude, that refinery was only built in his name because the man is already famous nothing else.

Bestmanfornow:
Nigeria is the more you look the less you see

Cherie Blair is Tony Blair’s wife, innit

Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

Banks financed. That's they gave loans for the construction. They will be paid back.

BRIMBRAM:


All I know is that. Just that one and I mean that one investment by Dangote a Fulani man from the North and Muslim, is greater than all Igbo investment put together in Lagos since 1960.

Oga Dangote is not a Fulani man. He's a pure Hausa man.

Revolution2022:
Dangote refinery cost $18b.Buhari has spent over $10trillion is paying subsidy.What stops him from building new refineries?

Looting like Abacha stopped him.
Unfortunately, Tinubu will be worse.

socialmediaman:
The 2018 Rating by Transparency International placed Nigeria at 148th position out of 180 countries. Nigeria was improving over the years under the previous government, until Buhari got elected as president, things became worse.

There is a difference between fact and fiction. We need to face facts, Buhari is worse than GEJ when it comes to fighting corruption, at least that’s what the facts prove.

Most of us believed there was corruption under Goodluck Jonathan’s Government. I agree with those who did, there was corruption, but not as bad as it is today under Mohammadu Buhari.

In 2012, Nigeria was placed at 139th position, In 2014, Nigeria gained 3 steps and was placed at 136th position. Under Buhari, Nigeria has lost many positions down to 148th.

There’s no further proof needed that corruption has worsened under Buhari’s government compared to previous years.

http://saharareporters.com/2018/02/21/transparency-international-ranks-nigeria-148th-worlds-least-corrupt-country

od4life:

Oga Dangote is not a Fulani man. He's a pure Hausa man.

As long as he is not Igbo.

Ogene001:
I see Igbo names in the non executives yet yorubas are acting as if they now own Dangote to the exclusion of Igbos

Yorubas don't care about who owns Dangote or not.

It is Ibos that are bitter and envious of Dangote.

What is important to an average Yoruba is that Dangote group is growing and adding alot of values to our economy in the South West

lexy2014:


Non executive directors cannot be sacked

They can be sacked or replaced. They are employees basically.

It is the Executive Directors that are the Big Deal. They represent those with Equity on the Management Board. For instance, a Dangote son or daughter can be an Executive Member depending on his/her Equity holdings. You can't sack him literarily unless he or she divest. It is no so for Non-Exceutives.

Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

Banks gave syndicate loans just to get profit not for equity ......

How many %age do u now want Dangote group, the bearer of all risk to hold....NNPC has no risk in this...if Nigeria oil reserve dries up ...its OYO for dangote....NNPC shouldnt even get up to 15% seff... but na we we transaction

Who is the major shareholder of dangote group Dangote himself. Make una rest

Revolution2022:
Dangote refinery cost $18b.Buhari has spent over $10trillion is paying subsidy.What stops him from building new refineries?

The Nigerian overall GDP is just 5% of the$10 Trillion you just mentioned used for subsidy. Pls. check your figure

Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

Loan not shares

Cool

Gamesmart:


This is how one spot those with poor education.

Olodo, here is education for you.

When you see the term "Independent" Non-executive Director, know that person has no shares (and does not represent anybody that has shares) in the company.

You can go and tear you useless education certificates now.

Unemployable "yoot".

Do you know that non-executives are board members?

Now what brings one into the board? Shares.

Mustack:
This black rock is not a good ideal of investor.

I thought I was the only one seeing it oh

That company is literally in all economic sectors of the world

May God help dangote on this one

Lukuluku69:


They can be sacked or replaced. They are employees basically.

It is the Executive Directors that are the Big Deal. They represent those with Equity on the Management Board. For instance, a Dangote son or daughter can be an Executive Member depending on his/her Equity holdings. You can't sack him literarily unless he or she divest. It is no so for Non-Exceutives.

This one just confidently carry everything upside down. It is executive directors that are employees and not non-executive directors. That's why in the report and in some cases non executive directors are referred to as "independent" non-executive directors. They are non-executive because they execute nothing only represent their interests or that of some interest on the board.

EDs are involved in d the day to day running of the business, head several strategic segments of a business & report directly to d MD daily. They assist the MD in formulating and executing policy& driving the strategic objectives of the biz as set by the board. They are professionals who rise thru d ranks or are poached from other companies.

Depending on the structure of the company, EDs could sometimes be members of the board along with the non-executive directors. You can have a board without EDs but you can't have a board without non-executive directors

Postinor:
but they are all owned by dangote now

Dangote Group is registered as Public business, so it's no longer owned by the Aliko Dangote. But he's still part of Dangote Group LTD as long as he still keep his take of the Company.

Dangote Group is a group of companies while Aliko Dangote is an INDIVIDUAL. This has to be separated for legal reason and business sense. Make we also learn from this.

Astra101:


I think $10 trillion is exaggeration. BTW, your Signature is catchy.... Have you been hurt?

Stop spreading lies.

10trillion naria not dollars.

Nigeria GDP is not even up to a trillion $

lexy2014:


This one just confidently carry everything upside down. It is executive directors that are employees and not non-executive directors. That's why in the report and in some cases non executive directors are referred to as "independent" non-executive directors. They are non-executive because they execute nothing only represent their interests or that of some interest on the board.

EDs are involved in d the day to day running of the business, head several strategic segments of a business & report directly to d MD daily. They assist the MD in formulating and executing policy& driving the strategic objectives of the biz as set by the board. They are professionals who rise thru d ranks or are poached from other companies

Noted.

Mustack:
This black rock is not a good ideal of investor.

They’re sleek baaaaastards but this is not the US where you can make bank from share prices. The company needs to actually be doing well for any of their backdoor takeover, else they’ll be wasting their money trying to control a Nigeria corporation.

patorial:


Dangote Group is registered as Public business, so it's no longer owned by the Aliko Dangote. But he's still part of Dangote Group LTD as long as he still keep his take of the Company.

ohk thanks for the enlightenment

you dont know what you are saying, the person with the majority shares in a company, rules the company,thats how it works.

Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

Good observation.

TundeBricklayer:
These guys controls shares of 86% of Dangote while Aliko less than 1%

Which guys? Stop misinforming the public. Who are the guys that make up Dangote group? Are you aware that some companies under the group are listed on the stock market?

Ogene001:
I see Igbo names in the non executives yet yorubas are acting as if they now own Dangote to the exclusion of Igbos

It’s hard for some of you to think. Where did they claim to own the group to the exclusion of others?


Average Igbos (mainly the poor and struggling) always pick fights with other tribes foolishly while the rich and elite enjoy and keep building bridges with other tribes

Karlifate:

The real controllers are usually behind-the-scene. 💯

The kind of life I want to live.

Is Dangote not still the majority share owner in dangote group, please educate us?

Ogene001:

Dangote group is not Dangote, I hope you know the difference

Astra101:
Something isn't clear to me. Project financing :Dangote Group =50%
:Nigeria Banks =50%

Is it that Nigeria banks gave Dangote loans to the tone of 50% of their own initial investments or got a share holding of 50% and how comes Dangote group held almost 86% share of this refinary when NNPC controlled 20% ownership?

Banks finance projects without taking equity.. they only put a lien on a property they’re financing… which gives them the 1st right of refusal in liquidation and bankruptcy proceedings. Banks make their $$ from interest rates, loan origination and brokerage fees etc

OloyeVIII:
Why i no dey see my name?

Check well, e dey dere.

TundeBricklayer:
These guys controls shares of 86% of Dangote while Aliko less than 1%

Don’t mislead readers. Debenture holders don’t control companies. Ok?

They are just money lenders. They have no stake at all in the company. As Dangote pays back the debts, the lenders’ grip on any collateral that Dangote could have used to secure such loan reduces.

Look at the pie chart you depicted. It showing contrary percentage as to the 1% you wrote in your article.

What The Guardian Newspaoer put there was just a highlight of the deal.
Common.

tuborme:
Nigerian banks 50%

50% of the refinery funding as loan, not as shareholders of the Group.